Funding Policy. Subject to the Institution's absolute right to surrender or terminate the policy at any time and for any reason, the funding policy for this Split Dollar Plan shall be to maintain the subject policy in force by paying, when due, all premiums required.
Appears in 4 contracts
Samples: Executive Salary Continuation Plan Agreement (Osage Federal Financial Inc), Executive Salary Continuation Plan Agreement (Osage Federal Financial Inc), Executive Salary Continuation Plan Agreement (Osage Federal Financial Inc)
Funding Policy. Subject to the Institution's Bank’s absolute right to surrender or terminate the policy at any time and for any reason, the funding policy for this Split Dollar Plan Agreement shall be to maintain the subject policy in force by paying, when due, all premiums required.
Appears in 3 contracts
Samples: Split Dollar Life Insurance Agreement, Split Dollar Life Insurance Agreement (M&f Bancorp Inc /Nc/), Split Dollar Life Insurance Agreement (M&f Bancorp Inc /Nc/)
Funding Policy. Subject to the Institution's Bank’s absolute right to surrender or terminate the policy at any time and for any reason, the funding policy for this Split Dollar Plan shall be to maintain the subject policy in force by paying, when due, all premiums required.
Appears in 2 contracts
Samples: Endorsement Method Split Dollar Plan Agreement (South Street Financial Corp), Endorsement Method Split Dollar Plan Agreement (South Street Financial Corp)
